PARI PASSU MORTGAGE ENDORSEMENT Attached to Policy No. __________ Issued by WFG NATIONAL TITLE INSURANCE COMPANYPari Passu Mortgage Endorsement • November 10th, 2020
The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement, the Exclusions from Coverage in the policy, the Exceptions from Coverage contained in Schedule B, and the Conditions.
ContractPari Passu Mortgage Endorsement • November 10th, 2020
This endorsement is designed for situations where two or more lenders make different loans secured by the same Land (which may be one or more properties) and where the mortgages or deeds of trust securing the loans are of equal lien priority. The loans may differ in amounts, terms, etc. The transaction often involves a credit facility.
